Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails [Yahoo! Finance]
Capri Holdings Limited Ordinary Shares (CPRI)
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am
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Source: Yahoo! Finance
(Bloomberg) -- There's a risk that shares of Capri Holdings Ltd. decline by roughly 30% or more if a proposed $8.5 billion tieup with Tapestry Inc. fails to get across the finish line. Most Read from Bloomberg Biden's Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows Taylor Swift Is Proof That How We Critique Music Is Broken Biden's New Chopper Is Demoted After Scorching White House Lawn Tech Giants Hit in Late Hours After Meta's Outlook: Markets Wrap Tesla Soars as Musk's Cheaper EVs Calm Fears Over Strategy That's the finding of a Bloomberg poll of merger-arbitrage specialists after the US Federal Trade Commission sued on Monday to block Tapestry's acquisition of its fashion-industry rival. For merger-arb traders, the challenge is to figure out which side will prevail in court, an outcome that likely won't be known for months. Capri's stock slumped for a third straight day Wednesday. It has lost some 6% since Monday's close and last traded around $35
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CPRI
Earnings
- 2/8/24 - Miss
CPRI
Sec Filings
- 4/22/24 - Form 8-K
- 4/15/24 - Form 8-K
- 2/13/24 - Form SC
- CPRI's page on the SEC website